Last week was another decent one with 7 homes going under contract. Of the 7, once again, the majority (5) were under $200,000. There was one closed sale posted, 16 E. Vanderbilt, a renovated 2/1 with 1,180 square feet and a gorgeous 93x146 lot. This property sold for $250,000, a really great buy for someone.

You might have noticed that although the number of pending sales is higher each week (43 right now in 32804) there aren't a ton of closed sales to track. This is due to the number of short sales and bank owned properties under contract and those take months to close. Of the 43 pending contracts right now, more than half (24) are distress sales.

Average rates ended the week last week at 4.84% on a 30 year fixed and 4.51% on a 15 year.

CLOSED SALES: 5/4/2009 - 5/10/2009
16 E. Vanderbilt St: 2/1 - 1180 sq/ft - $250,000

OTHER MARKET ACTIVITY: 5/4/2009 - 5/10/2009
New Listings: 15
Pending Sales: 7
Price Reductions: 23

PRESENTLY ON THE MARKET: 5/11/2009
Active Listings: 291
Under 100K: 9
100K - 199,999: 60
200K - 299,999: 82
300K - 399,999: 50
400K - 499,999: 19
500K - 599,999: 18
600K - 699,999: 19
700K - 799,999: 6
800K - 899,999: 8
900K - 999,999: 7
Over $1,000,000: 13
Total Pending Sales: 43

The above numbers come from single family homes and condos listed in the MLS in the 32804 zip code. Please contact me for more specific information, or for statistics on commercial property or vacant land.